Arrowstreet Capital Limited Partnership Sells 394,418 Shares of M/I Homes, Inc. (NYSE:MHO)

Arrowstreet Capital Limited Partnership trimmed its position in M/I Homes, Inc. (NYSE:MHO) by 78.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,183 shares of the construction company’s stock after selling 394,418 shares during the period. Arrowstreet Capital Limited Partnership owned 0.40% of M/I Homes worth $14,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MHO. Principal Securities Inc. bought a new stake in M/I Homes during the fourth quarter valued at $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the 4th quarter valued at about $33,000. Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes during the fourth quarter worth about $70,000. Jones Financial Companies Lllp bought a new position in shares of M/I Homes in the fourth quarter worth approximately $80,000. Finally, Smartleaf Asset Management LLC raised its stake in M/I Homes by 283.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock valued at $88,000 after purchasing an additional 493 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MHO has been the topic of a number of research analyst reports. Raymond James reissued a “strong-buy” rating and issued a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

M/I Homes Price Performance

MHO stock opened at $114.01 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The firm has a market cap of $3.09 billion, a P/E ratio of 5.78 and a beta of 2.31. The firm’s fifty day moving average is $118.94 and its 200 day moving average is $141.61. M/I Homes, Inc. has a 52 week low of $105.00 and a 52 week high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.